Storefront Building with
For Sale
$249,900
1526 Gault Avenue N, Fort Payne, AL 35967
COMMERCIAL - Fort Payne, AL
Property Size2,496 SF
Lot Size0.21 Acres
Price / SF$100.12
Days on Market79
Property Features for 1526 Gault Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking features
Parking Lot
Window features
Display Window(s)
Subdivision
Davis Highlands
Lot features
Corner Lot, High Visibility
Directions
From Interstate 59, Take Exit 218 Fort Payne, And Merge On Gault Avenue For Approximately 1.8 Miles, And The Property Will Be On The Left, Marked By Signage.
Standard status
Active
APN
2303054002067000
Size
2,496 SF
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Flooring type
Vinyl, Tile
Roof type
Metal, Shingle
Listing Agency:
Re/Max Property Center
(256) 997-9400
Listed By:
Angela Wilson · License #48159
(256) 630-1695
Added: May 26
Changed: Aug 5
Last Checked: Aug 12 at 7:06PM
MLS# 21902663
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront commercial building offers approximately 2,496 square feet of space on a 0.21-acre lot. Built in 1951, the property includes a basement with a bathroom and interior finishes listed as vinyl and tile.
Improvements include a new roof and HVAC, supporting year-round climate control with central air. Heating is electric with central heat, and the building’s roof is described as metal and shingle. The layout also includes a deck and walkway, adding functional outdoor access. Parking is provided via a parking lot.
Utilities are listed as public water and public sewer, providing a straightforward setup for many commercial uses. The property is described as having road frontage on two sides along Gault Avenue N in a developing business district in Fort Payne.
Improvements include a new roof and HVAC, supporting year-round climate control with central air. Heating is electric with central heat, and the building’s roof is described as metal and shingle. The layout also includes a deck and walkway, adding functional outdoor access. Parking is provided via a parking lot.
Utilities are listed as public water and public sewer, providing a straightforward setup for many commercial uses. The property is described as having road frontage on two sides along Gault Avenue N in a developing business district in Fort Payne.
Key Highlights
- 2,496 SF storefront building on 0.21 acres
- New roof and HVAC
- Spacious basement plus bathroom in basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,920
$301.9K
Cap Rate 7%
$215,657
$215.7K
Cap Rate 9%
$167,733
$167.7K
Market Conditions
NOI Build-Up for 2,496 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.0K $9.60/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$21.6K $8.64/SF
− OpEx
−$6.5K −$2.59/SF
NOI
$15.1K $6.05/SF
Area
DeKalb County, AL
Vacancy
10.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,920
Cap Rate 7%
$215,657
Cap Rate 9%
$167,733
Alternative Uses
Best Use
Retail
$215.7K
$188.7K – $251.6K
NOI $15,096 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35967, AL
17,233
Population
7,825
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
127.0 sq mi
ZIP Area
136
Density / Sq Mi
$48,125
Median Household Income
$32,051
Median Earnings
$678
Median Rent
$155,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Traci's — 2103 Gault Ave N, Fort Payne, AL 35967
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building with a spacious basement, deck and walkway, plus new roof and HVAC systems.
Where is this storefront property located?
The property is located at 1526 Gault Avenue N Fort Payne, AL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,496 SF storefront building on 0.21 acres; New roof and HVAC; Spacious basement plus bathroom in basement
